Emily Skarbek on International PressTV explains why the failure of the U.S. government in raising the debt ceiling is not "catastrophic" as President Barack Obama's chief economic advisor Austan Goolsbee claims.

MyGovCost.org Director and Independent Research Fellow Emily Skarbek was a guest on the Heartland Institutes Budget & Tax News podcast. Click to listen to her commentary on the roots of our current spending crisis, whats at stake in the Congressional budget war, and how to use the Institutes very timely and user-friendly Government Cost Calculator.